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Weak Domestic Textile Market

2011/9/28 13:40:00 31

On Tuesday, Zheng cotton remained weak.

Shock

The main contract was 20585 yuan / ton, with a decrease of 95 yuan / ton in the main 1205 contract.

Textile orders have shown a decreasing trend after the Mid Autumn Festival, especially foreign trade orders, which are significantly less than in previous years. The downturn in the external economic environment has brought adverse effects to China's textile export market. The domestic market is relatively optimistic, but there are also signs of weakness in the near future.

The main contract of zhengmian 1205 has been continuously reduced, and it is relatively conservative before the long holidays. The price will continue to be weak.

On Tuesday, domestic metals were affected by the rebound of the external market.

Germany

economic data

Slightly improved, European market risk concerns slightly declined, and the US dollar fell sharply.

However, the underlying metals showed a trend of falling down, reflecting that the mentality of investors is still not free from the panic of early stage.

The rebound is more about the technical repair after the rapid fall of the early stage, and investors should not blindly copy the bottom.

IF1110 contract opened high on Tuesday, early morning shock finishing, in the afternoon to counter the shock plate to rise, closed Yang cross star, turnover and position margin slightly reduced, index futures 10 points.

Spot Shanghai and Shenzhen 300 index by the impact of the sharp rise of the surrounding stock market opened slightly higher, the morning plate gradually fell off, afternoon after the intervention of Bo rebound funds, the index shock disk rise, close Yang cross star, trading volume decreased slightly.

The IF1110 contract is expected to fluctuate at 2590-2660 on Wednesday, and investors are advised to watch more.

Pan Tao

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